1600 Providence Hwy
You pay taxes, hopefully you invest a portion of your income, you have some insurance, and maybe you have done some retirement planning. Chances are each of these pieces was developed independently and at different times in your life. To be effective, financial planning needs to be coordinated. Each piece of the financial plan needs to accomplish its own specific tasks as well as support the tasks of an overall plan. We call this “life-integrated financial planning,” and we are experts in this area. We’ll look at your entire financial picture and help you fit all the pieces together properly.
This worksheet is designed to help you identify and prioritize your dream retirement.
Gene and Maria thought they had addressed all their major financial concerns. An attorney prepared their wills when their first child was born. A local insurance agent sold them auto, home, and whole life insurance policies. They managed their own investments using a discount broker, following the advice in top magazines along with occasional suggestions from Maria’s stock-broker brother. They both contributed some to the retirement plan available through their employers and regularly set aside money for their children’s education. They used the same CPA who had always prepared Gene’s parents’ tax returns and always received large tax refunds which they would use to make extra principal payments on their mortgage. But this year they ended up owing several thousand dollars in taxes and had to dip into their education fund to pay their tax bill. They decided it was time to hire a financial planner and were referred to a local Cambridge Advisor.
It was the first time someone had looked at their entire financial picture, and it was an eye-opener. While Gene and Maria had always received professional advice, no one had ever coordinated that advice, and many of their financial decisions that seemed wise were actually hurting them. No area of their finances was accomplishing what they wanted it to.
Working with a Cambridge Advisor, Gene and Maria built a solid foundation for their financial future. After discussing their goals for their future, their fee-only Cambridge Advisor helped them to update their wills, decrease their tax burden, save money on their insurance premiums, and increase their savings for emergencies and retirement. And when they recently learned they were receiving an inheritance from Maria’s grandparents, the first thing they did was call their Cambridge Advisor to schedule an appointment so that the money would be put to the best possible use. Their Cambridge retainer allows them to call any time their situation changes at no additional charge.
Would you worry less if you had a life-integrated financial plan?